Oireachtas Joint and Select Committees
Wednesday, 24 September 2014
Joint Oireachtas Committee on Finance, Public Expenditure and Reform
General Scheme of European Stability Mechanism (Amendment) Bill 2014: Discussion
5:10 pm
Stephen Donnelly (Wicklow, Independent)
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By definition, the non-DRI mechanism, which is the main ESM mechanism, links sovereign and banking risk because the lending is via the sovereign. Will that not still be the case?